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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has continued to execute its previously announced share buyback programme, repurchasing 61,669 ordinary shares on 19 January 2026 on the London Stock Exchange via J.P. Morgan Securities at a volume-weighted average price of 899.6631 pence. Following this latest tranche, the company has 432,240,650 ordinary shares in issue, of which 92,413,480 are held in treasury, leaving 339,827,170 voting rights in circulation; in total, Drax has acquired 5,272,080 shares into treasury since the programme began in July 2025, signalling ongoing efforts to return capital to shareholders and manage its capital structure.
The most recent analyst rating on (GB:DRX) stock is a Buy with a £1004.00 price target. To see the full list of analyst forecasts on Drax Group plc stock, see the GB:DRX Stock Forecast page.
Spark’s Take on GB:DRX Stock
According to Spark, TipRanks’ AI Analyst, GB:DRX is a Outperform.
Drax Group plc’s strong financial performance, particularly in cash generation and profitability, along with positive technical indicators and a favorable valuation, contribute significantly to its overall score. The company’s strategic initiatives, including share buybacks and government agreements, further bolster its market position. However, challenges in revenue growth and market dynamics in the pellet sector pose risks that need careful management.
To see Spark’s full report on GB:DRX stock, click here.
More about Drax Group plc
Drax Group plc is a UK-listed energy company best known for operating the Drax Power Station in North Yorkshire, one of the country’s largest power generators, with a strategic focus on renewable and low-carbon electricity. The group is a significant player in the UK power market and is closely watched by investors for its capital allocation policies, including dividends and share buybacks.
Average Trading Volume: 1,231,411
Technical Sentiment Signal: Buy
Current Market Cap: £3.07B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.